FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support 
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts 
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target 
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs 
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align 
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223 
BTCUSD price surged above $25000 after mixed US CPI data.US CPI rose 0.40% last month in line with the estimate, below 0.50% the previous month. The yearly CPI declined to 6% in Feb, the smallest annual gain since Sep 2021. BTC hits a high of $26555 and currently trading around $24678.
Major economic data for the day
Mar 15th, 2023 US PPI m/m (12:30 PM GMT)
US retail sales m/m (12:30 GMT)
US Empire state manufacturing Index ( 12:30 pm GMT)
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (positive correlation with BTC)- Bearish (negative for BTC). The index pared most of its gains on weak market sentiment. Any daily close below 11790 will push NASDAQ prices lower to 11350.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in Mar increased to 81.2% from 30.2% a week ago.
Technicals-
Major support- $23000. Any break below will take to the next level at $21800/$21200/$20700/$19800 if possible.
Bull case-
Primary supply zone -$25300. The breach above confirms minor bullishness. A jump to the next level of $27000/$30000 is possible.
Secondary barrier- $30000. A close above that barrier targets $37000/$4000.
It is good to buy on dips around $23000 with SL around $21500 for TP of $25250.
